Explore a promising investment at 1415 5th Ave, Rockford, IL—a duplex offering steady income with room for value-add potential. The bottom unit is exceptionally clean and requires no immediate work, presenting a move-in-ready asset. The upper unit, while functional, offers an opportunity for cleanup and remodeling to boost rental rates and enhance overall value. Utilities are structured for efficiency: gas is shared, with the landlord billing tenants 50/50 monthly, while electric is separately metered and tenant-paid. Water, sewer, and garbage are currently covered by the landlord, providing flexibility to adjust terms for future profitability. Located in a dependable Rockford rental market, 1415 5th Ave combines stable tenancy with upside potential—an ideal prospect for investors seeking both income and growth.
For sale
$140,000
1415 5th Ave, Rockford, IL 61104
--beds
--baths
1,782sqft
Est.:
2 Units
Built in 1900
-- sqft lot
$92,000 Zestimate®
$79/sqft
$-- HOA
What's special
Move-in-ready asset
- 6 hours |
- 51 |
- 2 |
Zillow last checked: 8 hours ago
Listing updated: 11 hours ago
Listed by:
Jason Bennett 815-596-9109,
Jason Bennett, Realtor
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202507567
Tour with a local agent
Facts & features
Interior
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Refrigerator, Stove/Cooktop, Oven, Gas Water Heater
Features
- Basement: Full
Interior area
- Total structure area: 1,782
- Total interior livable area: 1,782 sqft
- Finished area above ground: 1,782
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Deck-Covered
- Exterior features: Balcony
Details
- Parcel number: 1125156003
- Special conditions: Agent Owned/Interest
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 Units
Materials
- Siding, Vinyl
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: City
- Water: City
- Utilities for property: Separate Utilities
Community & HOA
Community
- Subdivision: IL
Location
- Region: Rockford
Financial & listing details
- Price per square foot: $79/sqft
- Tax assessed value: $47,874
- Annual tax amount: $1,656
- Price range: $140K - $140K
- Date on market: 12/15/2025
Estimated market value
$92,000
$72,000 - $112,000
$1,277/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/15/2025 | Listed for sale | $140,000+7.7%$79/sqft |
Source:  NorthWest Illinois Alliance of REALTORS® #202507567 Report a problem | ||
| 4/11/2025 | Listing removed | $130,000$73/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202501478 Report a problem | ||
| 4/10/2025 | Pending sale | $130,000$73/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202501478 Report a problem | ||
| 4/6/2025 | Listed for sale | $130,000$73/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202501478 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $1,657 +1.7% | $15,958 +11.9% |
| 2022 | $1,630 | $14,263 +9.1% |
| 2021 | -- | $13,078 +5.8% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,020/mo
Principal & interest
$706
Property taxes
$265
Home insurance
$49
Climate risks
Neighborhood: Midtown
Nearby schools
GreatSchools rating
- 2/10Constance Lane Elementary SchoolGrades: K-5Distance: 0.7 mi
- 4/10Abraham Lincoln Middle SchoolGrades: 6-8Distance: 0.2 mi
- 1/10Rockford East High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- District: Rockford 205
Source: NorthWest Illinois Alliance of REALTORS®. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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